Sensex Technical View:
The last two bottoms around 18800 shows that market seems to be taking support at the 200 dema. The earlier move below 19000 in short term is a dangerous signal but the last few sessions did not see a follow up selling implies one needs to wait and watch.
Short Term Momentum could be seen only on sustaining 19600 where the recent top as well as 38% retracement of last fall.
Bank Nifty may find resistance at 11200 which if crossed could see some momentum for 11400-11500 quickly.
Real Estate Stocks like DLF / HDIL and India Bull Real Estate look highly oversold and as sharp bounce could be expected on back of RBI meet whether its positive or not.
Stocks to Watchout for :
Cholamandalam looks set for a quick move to 210-220 levels in extreme short term .Watch for volumes supported breakout above 195. 
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